Answer:
Check the explanation
Explanation:
Whenever there’s a $300 charge from the Big Winner, and normal household income is expected to be around $50,000, it can fill 200 rooms per night at that price. Though, if there’s an increase in a typical household income to $55,000, the quantity of rooms that would be demanded will rises to 300 rooms per night. You can calculate the income elasticity of demand for Big Winner's hotel rooms by dividing the percentage change in quantity demanded by the percentage change in income:
Income Elasticity of Demand Income Elasticity of Demand =
= Percentage Change in Quantity Demanded,
Percentage Change in Income
Percentage Change in Quantity Demanded
Percentage Change in Income
=250 = 50%10% 50%10% = 5 5
Answer:
inventory
Explanation:
Every item that is produced or purchased by the business in order to resell it and earn profit through it as a normal purpose of business, is considered as inventory.
In the given instance, Shroden manufactures consumer goods, like cookies, batteries, etc:
And since he targets to sell them and earn profit, all these manufactured products is the inventory of his business.
Answer:
computer integrated manufacturing.
Explanation:
Robotic process automation can be defined as a technical process which typically involves the automatic performance of a task by a computer-based software.
Computer-assisted manufacturing (CAM) can be defined as manufacturing process which typically involves the use of specialized computer systems to instruct, guide, and control the transformation process of inputs (raw materials) into finished goods (outputs).
Basically, computer-assisted manufacturing (CAM) avails manufacturers or business owners the ability to infuse process control into their production or assembly line and as such enhancing the level of production, performance and efficiency.
Generally, process control is mainly used in manufacturing industries such as food and beverages industries, oil and gas refinery industries, power (electricity) generation industries, chemical processing industries, and wastewater management industries where the production of materials from raw materials are continuously without any interruption.
Hence, the main purpose of computer-assisted manufacturing (CAM) is to ensure that the manufacturing process is done with better quality, consistency, safety standards and efficiency through the adoption (use) of specialized software applications for machine automation.
In conclusion, we can deduce that David is interested in computer integrated manufacturing.
<span>I think suppliers have moved close to the headquarters in order to save costs. When suppliers set up office far from their customer, there are additional costs to it like transportation fees for both goods and manpower. Getting rid of one aspect of their production costs can help suppliers maximise profits.</span>
Answer:
Break-even point in composite units = 811 units
Explanation:
Number of modal;
5 Youth models
9 Adult models
6 Recreational models
Annual fixed costs total = $6,550,000
Find:
Break-even point in composite units
Computation:
Mixed contribution margin = 5[130] + 9[475] + 6[525]
Mixed contribution margin = 650 + 4275 + 3150
Mixed contribution margin = $8075
Break-even point in composite units = Annual fixed costs total / Mixed contribution margin
Break-even point in composite units = 6,550,000 / 8075
Break-even point in composite units = 811 units
